As China prepares for the Lunar New Year holiday, the mood is generally positive, with state media expressing optimism. However, there is growing discontent and hopelessness among the population, who are feeling battered by months of economic uncertainty, falling employment, and a warning housing crisis. The Chinese government’s attempts to …

The USD/JPY pair is slightly down close to week’s high, following Powell’s hawkish comments.Powell’s caution on early rate cuts contrasts with strong US job growth in January.Rising US Treasury yields and solid ISM PMIs highlight a robust US economic outlook, supporting the Dollar.Despite BoJ’s negative rate policy hints, Japan’s data …

Stronger US fundamentals as well as Powell’s hawkish tone over the weekend were more than enough to propel the US dollar to new yearly highs and place the risk-associated universe under increased pressure at the start of a new trading week.The US dollar surged to fresh yearly highs well above …

Oil prices climbed by nearly a dollar per barrel on Monday, on concerns that Middle Eastern tensions and Russia’s escalating invasion of Ukraine could limit world supplies.Brent crude prices closed at $78.22 per barrel, up 66 cents (0.9%), while US West Texas Intermediate crude futures settled at $72.78 per barrel, …

The EUR/USD pair fell by half a percent on Monday, reaching 12-week lows near 1.0723. The OECD predicts pan-European inflation will remain above the 2% level set by the European Central Bank until after 2025, reducing investor confidence. The Euro’s trade balance rose to €22.2 billion after German imports fell …

US stocks fell on Monday after Federal Reserve Chair Jerome Powell tempered expectations for an early interest rate cut, raising the stakes for a busy week of corporate reports to keep the recent surge going.The S&P 500 fell 0.1%, indicating a minor reversal from the benchmark’s record-breaking surge. The Dow …

The Canadian dollar is experiencing a significant drop on Monday due to a strong market dogpile towards the US dollar, with US ISM Services Purchasing Managers Index figures coming in well above expectations. Mixed comments from US Federal Reserve policymakers risk investor outlooks and hamper risk appetite. Bank of Canada …

The Treasury will send officials to China this week to discuss a variety of economic issues. Talks will focus on business and market practices that have put the superpowers at odds. The Treasury envoy will visit China this week as the two giants work to resolve economic tensions following last …

Fed’s Neel Kashkari has stated that US interest rates at their highest levels in about 23 years are not hurting the economy and could buy policymakers more time before deciding whether to cut.Economic developments show that Fed policy is not as restrictive on growth as it appears on the surface, …

The EUR/GBP pair saw a 0.25% increase in Monday’s trading, trading at 0.8560, gaining 0.25% and moving towards the 20-day Simple Moving Average (SMA) at 0.8565. Despite pressures from a stagnant Euro Area economy and anticipations of the ECB’s rate cut, the daily chart indicates buyers’ dominance. However, hourly indicators …